Payment and Other Consideration. In consideration of Xxxxxx'x acceptance of this Agreement, Longs will provide the following:
Payment and Other Consideration. 2.1 The Company acknowledges that it has received loans (the “Loans”) from the Subscriber, and that the balance currently due from the Company to the Subscriber pursuant to the Loans is an aggregate principal amount of $150,000 (the “Indebtedness”). The Company and the Subscriber agree to apply the amount of the Indebtedness in payment of the Subscription Proceeds and, upon delivery of a signed copy of this Subscription Agreement to the Subscriber together with a certificate evidencing the Shares registered as provided in this Subscription Agreement (the “Share Certificate”), the Loans shall be paid in full as to $150,000 in principal,
Payment and Other Consideration. A. PRIMAL SOLUTIONS shall pay and deliver to TOWER 17 in immediately available funds in the form of either a certified check or wire transfer the sum of $200,000.00 (the “Settlement Amount”), within thirty (30) days of the date on which the last Party to execute this Agreement signs the Agreement and provides a fully-executed original signature page to the other Party.
Payment and Other Consideration. 2.1 In consideration of the releases set forth above, and of City’s guarantee to dedicate one thirty-eight feet (38’) wide unrestricted full access to Xxxx Xxx Avenue for ingress and egress to the Bombay Parcel with left and right turns in and out to be located generally on the “easterly side” of the Bombay Parcel, and subject to the execution of this Settlement Agreement, Defendants shall pay to City the sum of SEVENTY THOUSAND DOLLARS AND ZERO CENTS ($70,000.00) (“Cash Payment”) on the Effective Date of this Agreement.
Payment and Other Consideration a. After the effective date of this Agreement, the City shall deliver to Employee through his attorney, Xxxxx Xxxxx, a check payable to Xxxx “Xxx” Xxxxxx in the amount of $15,000.00. The amount of $15,000.00 is to reimburse Employee in part for the cost of health care premiums he paid for out-of-pocket. Employee agrees, however, that if any state or federal taxing authority should ever determine that the money received by him under this Agreement constitutes taxable wages, in whole or in part, Employee will, upon written demand, indemnify the City for any and all tax liabilities, including but not limited to all contributions, penalties and interest, if any, required to be paid by the City on behalf of Employee for Employee social security tax contributions and income tax withholding.
Payment and Other Consideration. As consideration for the benefits it receives under this Agreement, Torvec shall provide the following to Vendor:
Payment and Other Consideration. The Employer will, after receipt of an executed Agreement and Release, and after the expiration of all rescission periods regarding that Release, provide the Employee with the following consideration:
Payment and Other Consideration. A. Primal shall pay and deliver or cause to be paid and delivered to CyberSource in immediately available funds in the form of either a certified check or wire transfer the sum of ONE HUNDRED THOUSAND DOLLARS (USD$100,000.00) (the “Settlement Amount”), within five (5) business days of the date on which the last Party to execute this Agreement signs this Agreement and provides a fully-executed signature page to the other Parties.
Payment and Other Consideration. 1.1. Employee shall be entitled to the following payments from DSS:
Payment and Other Consideration. In consideration of the agreements and covenants set forth in this Agreement, (a) the Company agrees to pay Employee $550,000 (the “Payment”) in a lump sum on the later of i) August 1, 2012, (ii) the expiration of the revocation period described in Section 17, or (iii) the return of Company property described in Section 7, subject in each case to applicable payroll withholdings; (b) the Company agrees to pay relocation expenses up to $15,000.00 and travel expenses to Employee up to $15,000; (c) the Company agrees to reimburse Employee for preapproved business expenses incurred up to and including August 1, 2012 on behalf of the Company, including a relocation expense in the amount of $12,000; (d) the Company agrees to pay Employee $3,000 for costs associated with preparation of Employee’s federal and state tax returns; (e) the Company agrees to permit Employee continued use of the corporate apartment he currently occupies through October 31, 2012, and Company will consent to Employee’s request to assume responsibility for apartment lease after October 31, 2012; and (f) on the date this Agreement is executed, Grantors agree to enter into and perform a Restricted Stock Award Agreement with Employee in substantially the form attached hereto as Exhibit I. The Company agrees that the terms of the Restricted Stock Award Agreement attached as Exhibit I are expressly incorporated into this Agreement as if fully stated verbatim herein. Employee agrees to indemnify, defend, and hold the Company and the Released Parties (as defined in Section 3) harmless from any claims, demands, deficiencies, assessments, executions, judgments, or recoveries by any governmental entity for any amounts claimed due on account of this Agreement or pursuant to claims made under any federal or state tax laws, and any costs, expenses, or damages sustained by the Company resulting from the payments under this Agreement. Employee further certifies: “Under penalties of perjury, I certify (1) that the number shown below is my correct taxpayer identification number (“SSN”), and (2) that I am not subject to backup withholding because (a) I have not been notified by the Internal Revenue Service that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (b) the Internal Revenue Service has notified me that I am no longer subject to backup withholding.”
